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Future health expenditures and its determinants in Latin America and the Caribbean: a multi-country projection study - P4H Network

Future health expenditures and its determinants in Latin America and the Caribbean: a multi-country projection study

Future health expenditures in Latin America and the Caribbean are projected to increase significantly, driven primarily by economic growth and technology, highlighting the need for efficient resource use and expenditure control.

The article “Future Health Expenditures and Its Determinants in Latin America and the Caribbean: A Multi-Country Projection Study,” published in The Lancet Regional Health, explores the future trajectory of health expenditures in the LAC region amidst significant demographic, epidemiological, economic, and policy changes. Using a statistical model, the study forecasts current health expenditures (CHE) from a 2018/19 baseline to 2050, revealing a median per capita increase of 2.75 times across the region. While all Latin American countries are expected to double their per capita CHE, the Caribbean shows more variability. Key drivers of expenditure growth include economic growth and technological advancements, with significant increases in costs associated with neoplasms, circulatory, and genitourinary conditions, particularly among older populations. The study underscores the urgent need for efficient health resource utilization and expenditure control in the LAC region to manage future financial pressures.

Reference
Krishna D. Rao, Timothy Roberton, Andres I. Vecino_Ortiz, Caitlin M. Noonan, Angelica Lopez Hernandez, Claudio A. Mora-Garcia et al., Future health expenditures and its determinants in Latin America and the Caribbean: a multi-country projection study, The Lancet Regional Health, 30 May 2024